For the purposes of this division, the following definitions
"Allocated project cost"
means the amount of the transit services project's cost that may be eligible
for tax credits. The department calculates by dividing the amount of the
potential tax credit available to each applicant, determined by the process in
(6), by the tax credit rate in effect for that Opportunity
(2) "Applicant" means
a person who has applied for or who has received a preliminary certificate for
a transit services energy incentives program tax credit.
(3) "Certified cost" means the cost certified
in the final certification.
"Cost" has the meaning given in ORS
(5) "Department" means the Oregon Department
(6) "Director" means the
director of the department.
"Opportunity period" means the timeframe specified in an Opportunity
Announcement for the department to accept applications for transit
(8) "Substantial Energy
Savings" means a reduction of at least 10 percent in the energy used by the
transit service compared to the equivalent energy use of single occupant
vehicles traveling the same number of passenger miles.
(9) "Transit Services Provider" means a
public or nonprofit entity that provides transit services to the public and
that receives state or federal funding for those services, or is the direct
recipient of funding from an entity that receives state or federal funding for
Services" means transportation by a conveyance that provides regular and
continuing transportation to the public, but does not include school bus,
charter or intercity passenger rail transportation.
(11) "Vehicle Miles Reduced" (VMR) means the
difference in miles driven by the transit services compared to miles driven by
single occupant vehicles.